Sansteel Group Cuts Daily Crude Steel Production by 3,000 mt Amid Market Challenges

[Sansteel Group: Daily Average Crude Steel Production Reduced by 3,000 mt]

Sansteel Group, considering the difficulties in procuring steel scrap resources and the current market conditions, has decided to further alleviate inventory pressure by intensifying production control measures at all production sites starting immediately. The daily average crude steel production will be reduced by 3,000 mt, with all reductions coming from construction steel production. After the reduction, the monthly average production of construction steel is expected to be approximately 450,000 mt, with an annual production estimated at around 5.4-5.5 million mt, representing a YoY decrease of about 10%.